During Apple's Q3 2026 earnings call, CEO Tim Cook announced this would be his last earnings call at the company's helm. Apple reported $109.42 billion in revenue for the third fiscal quarter of 2026.

Cook expressed gratitude to shareholders and analysts, stating, "This will be my final earnings call, and John will lead these calls going forward." He confirmed that John Ternus will take over leading future quarterly calls, a role not strictly mandated for CEOs.

Cook conveyed his confidence in Ternus, calling him "truly one of a kind" and the "best person to take the helm." He added, "I couldn’t be more confident in his leadership, in our executive team, and in the extraordinary people at Apple." Cook concluded with an optimistic outlook for Apple's future.